ETF Evaluator:
BNY Mellon Global Fixed Income ETF (BGFI)
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(as of )
Best Performing in Global Bond-USD Hedged Over the Last Year
| 3.5% | JPMorgan International Bond Opps ETF (JPIB) |
| 3.3% | iShares Global Govt Bd USD Hdg Act ETF (GGOV) |
| 3.3% | Dimensional Global Credit ETF (DGCB) |
| 3.2% | Avantis Credit ETF (AVGB) |
| 3.1% | Dimensional Global Core Pls Fxd Inc ETF (DFGP) |
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ETF Details
BNY Mellon Global Fixed Income ETF Overview
BNY Mellon Global Fixed Income ETF (BGFI) is an actively managed Taxable Bond Global Bond-USD Hedged exchange-traded fund (ETF). BNY Mellon launched the ETF in 2026.
The investment seeks high total return (consisting of income and capital appreciation) consistent with the preservation of capital.
The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in fixed-income securities.
About BNY Mellon Global Fixed Income ETF (BGFI)
There are 4 members of the management team with an average tenure of 0.02 years: Brendan Murphy (2026), Adam Whiteley (2026), Nathaniel Hyde (2026) and Harvey Bradley (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
BNY Mellon Global Fixed Income ETF has 177 securities in its portfolio. The top 10 holdings constitute 47.8% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
BNY Mellon Global Fixed Income ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. BNY Mellon Global Fixed Income ETF has 46.9% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 98.5% (51.7% domestic bond, 46.9% foreign bond and 0.0% convertible bond). BNY Mellon Global Fixed Income ETF has 0.9% of the portfolio in cash.
Assets Under Management
The fund has $23 million in total assets, which is below the $7 billion average for the Global Bond-USD Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
BGFI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The BNY Mellon Global Fixed Income ETF expense ratio is average compared to funds in the Global Bond-USD Hedged category. BNY Mellon Global Fixed Income ETF has an expense ratio of 0.40%, which is 73% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. BNY Mellon Global Fixed Income ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 28% for the Global Bond-USD Hedged category.
Recently, in the month of July 2026, BNY Mellon Global Fixed Income ETF returned 0.0%, which earned it a grade of NA, as the Global Bond-USD Hedged category had an average return of -1.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
BNY Mellon Global Fixed Income ETF has a trailing yield of 0.00%, which is below the 4.09% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
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BGFI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| BGFI Return (NAV) | na | na | na | na | na | na |
| BGFI Return (Price) | na | na | na | na | na | na |
| NAV +/- Price Return | na | na | na | na | na | na |
| Global Bond-USD Hedged Avg | -1.1% | 0.3% | 2.4% | 4.3% | 0.6% | 1.7% |
| BGFI Grade (NAV) | na | na | na | na | na | na |
| +/- Category (NAV) | na | na | na | na | na | na |
| BGFI Tax-Cost Ratio | na | na | na | na | na | na |
BGFI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| BGFI Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| BGFI Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Global Bond-USD Hedged Avg | 0.5% | 5.0% | 3.6% | 7.8% | -10.5% | -1.7% | 4.9% | 8.7% | 1.4% | 2.5% | 4.8% |
| BGFI Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 24 Mil |
| Share Class Assets: | $ 24 Mil |
| Turnover: | na |
| Expense Ratio: | 0.40% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.0 years | |||
| Average Tenure: 0.0 years | |||
| Managers (Year): Murphy Brendan (2026), Whiteley Adam (2026), Hyde Nathaniel (2026), Bradley Harvey (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 177 |
| % in Top 10 Holdings: | 47.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 46.9% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 51.7% |
| Foreign Bond: | 46.9% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.9% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | BNY Mellon |
| Phone Number: | 833-383-2696 |
| Website: | |
| Inception Date: | July 24, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.23% |
